Still using the account your parents signed you up for? Stop paying fees and start earning interest on your everyday banking.
Create an account
Personal Account
Get the features of chequing with 4.00% interest* and no fees.
Learn more about our Personal Account
GICs
Lock in high growth with 5.35%** interest on a 1-year GIC.
Learn more about our GIC options
TFSA Savings Account
Earn 3.00% tax-free interest* with no fees.
Learn more about our Tax-Free Savings Account
Enough with all the take. It's time to make. Make bank.
With surcharges, service fees, and rising prices taking hard-earned money from your bottom line, the last thing you need is a bank account that takes from you, too. It’s time for the opposite of take. It’s time to make. Get the best features of chequing with high interest and zero fees. Want to Make Bank? Welcome to EQ Bank.
Personal Account
Enjoy many of the benefits of a chequing account plus unlimited transactions1 and high interest.
- Earn 4.00% interest* (2.50% everyday interest* + 1.50%* when you direct deposit your pay)
- No monthly fees or minimum balance
- Free unlimited bill payments, Interac e-Transfers® and more1
- Free withdrawals from any ATM in Canada and cash back2 with the EQ Bank Card
Start earning by getting a Personal Account Learn more about our Personal Account
Joint Account
All the everyday banking perks of the Personal Account, for a smarter shared banking experience.
- Earn 4.00% interest* (2.50% everyday interest* + 1.50%* when you direct deposit your pay)
- Easy online sign-up with zero paperwork
- Add up to 3 people in a single click
Start earning by getting a Joint Account Learn more about our Joint Account
TFSA Savings Account
Earn more with high interest and tax-free earnings.
- 3.00% interest*, tax-free
- Zero fees for bigger earnings
- No minimum balance
- No-nonsense online sign-up in minutes
Start investing by getting a Tax-Free Savings AccountLearn more about our Tax-Free Savings Account
US Dollar Account
Earn more on US dollars without the nonsense of annoying fees.
- 3.00% interest* on every dollar
- No monthly fees
- Seriously competitive exchange rate
- A fast, cheap way to send US dollars abroad
Start earning by getting a US Dollar AccountLearn more about U.S. Dollar Account
GICs
Invest it and forget it with guaranteed rates on our registered and non-registered GICs.
- FEATURED RATE: 5.35%**on a 1-year GIC
- Invest for the short term or long term
- Invest with as little as $100 with our low minimum deposit
- Skip the hassle and buy a GIC in seconds
Start investing by getting a G.I.C. Learn more about our G.I.C. options
RSP Savings Account
Grow your retirement savings the smart way.
- 3.00% interest* on every tax-deferred dollar
- Zero fees for bigger earnings
- No minimum balance or other banking nonsense
- Online sign-up in minutes
Start investing by getting an R.S.P. Savings AccountLearn more about our R.S.P. Savings Account
TFSA Savings Account
Invest smarter with high interest and tax-free earnings.
- 3.00% interest*, tax-free
- Zero fees for bigger earnings
- No minimum balance
- No-nonsense online sign-up in minutes
Start investing by getting a Tax-Free Savings AccountLearn more about our Tax-Free Savings Account
FHSA Savings Account
Reach your home ownership goal with a tax-free account designed for first-time homebuyers.
- 3.00% tax-free interest*
- Contributions are deducted from taxable income
- Qualifying tax-free withdrawals5 that don’t need to be repaid
- Easy online sign-up in minutes
Start saving by getting an FHSA Savings Account Learn more about our FHSA Savings Account
EQ Bank Card
A reloadable card4 for spending and earning more (without all the fees).
- Make free withdrawals from any ATM in Canada
- Get cash back on every purchase2
- Earn the same high interest rate as your Personal Account right up until you spend
- No FX fees3, monthly fees, or other hidden fees
Get your free card in a few easy steps Learn more about the EQ Bank Card
International Money Transfers
Need to send money or make payments abroad? Do it for a whole lot less.
- Up to 8ׇ cheaper than other banks
- A no-nonsense, zero-markup exchange rate
- Send money direct from your account in a few easy steps
- Get your money there fast (some transfers are instant!)
Send money abroad in a few easy stepsLearn more about our about our International Money Transfers
Mortgage Marketplace
The no-nonsense way to find the best mortgage that’s right for you.
- Access 2,000+ mortgage products in one place
- Get the best rates right from the start
- Simple online process
Learn more about Mortgage Marketplace
End of product cards
It’s time for the everyday banking you deserve
Get ready to make
Monthly fees? No way. 4.00% interest* on everyday banking with unlimited transactions1? Absolutely. Plus free withdrawals from any ATM in Canada and cash back on every purchase2 with the EQ Bank Card.
Without all the take
No gimmicks, no accounts you don’t need, just seamless digital banking where all of our customers get access to our great rates—with no annoying paperwork or lineups.
We’re secure and trusted too
We have top-notch security and all of our deposit products are eligible for CDIC deposit insurance†. We’re also trusted by hundreds of thousands of customers to the tune of over $7B in deposits—and backed by Equitable Bank which has 50+ years of experience in the Canadian market.
It’s time for the everyday banking you deserve
Get ready to make
Monthly fees? No way. 4.00% interest* on everyday banking with unlimited transactions1? Absolutely. Plus free withdrawals from any ATM in Canada and cash back on every purchase2 with the EQ Bank Card.
Without all the take
No gimmicks, no accounts you don’t need, just seamless digital banking where all of our customers get access to our great rates—with no annoying paperwork or lineups.
We’re secure and trusted too
We have top-notch security and all of our deposit products are eligible for CDIC deposit insurance†. We’re also trusted by hundreds of thousands of customers to the tune of over $7B in deposits—and backed by Equitable Bank which has 50+ years of experience in the Canadian market.
We checked and...
we check all the boxes
At EQ Bank, you get: |
|---|
| High interest on everyday banking |
| Same access to great rates for all customers |
| No monthly or hidden fees and free everyday transactions |
| No bank account minimum balances |
| No branches = more value |
| Free withdrawals from any ATM in Canada |
| Cash back on every purchase2 |
At other banks, you often get: |
|---|
| Barely-there interest rates on everyday banking |
| Interest rate incentives for new customers only |
| Monthly and hidden fees, transaction fees, etc. |
| Bank account minimum balances often required |
| Expensive branches = more costs |
| Fees with certain ATMs |
| Cash back that can be restricted to certain partners |
Our customers have been talking
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““EQ Bank has shown time and time again that they listen to the needs of consumers and continue to adapt to meet those needs.”
See AlsoFAQ | EQ Bank -
““Very unique bank with very competitive interest rates, very innovative and separate from mainstream big banks.”
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““I love my banking experience with EQ, which includes higher interest rate than other banks, no- fee transactions in Canada and awesome customer service.”
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““Among the new generation virtual banks, EQ Bank is really competitive and worth consideration for selecting it as a conduit for savings under TFSA, RRSP etc.”
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““I will bring all my savings to EQ Bank because I tested the services and I like the experience.”
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““Easy to use and great interest rates. I’m a new customer but I am sure I will be a lifelong customer. Great that there are TFSAs now. Keep up the great work.”
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““I'm so happy with my experience with EQ Bank so far. I switched from one of the Big 6 banks to EQ back in 2017 and I never looked back. EQ has really helped me reach my financial goals. Thanks EQ!”
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““As a young adult trying to save for my future, EQ Bank's interest rates for a traditional savings account within a TFSA are simply unparalleled. The decision to open an account with them was a no-brainer!”
Getting noticed in a big way
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Top Bank in Canada
2023 Forbes World’s Best Banks
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Top Bank in Canada
2022 Forbes World’s Best Banks
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Top Bank in Canada
2021 Forbes World’s Best Banks
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EQ Bank mobile app
Over 18,000 ratings
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Top High-Interest Savings Account
2021 ratehub.ca Personal Finance Awards
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Top RRSP Savings Account
2021 ratehub.ca Personal Finance Awards
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Top TFSA Savings Account
2021 ratehub.ca Personal Finance Awards
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Best Savings Account
2021 greedyrates Awards
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Most Innovative Cloud Deployment
2020 IBS Intelligence Global FinTech Innovation Awards
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Model Bank Winner for Banking in the Cloud
2020 Celent Model Bank Awards
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Top High-Interest Savings Account
2020 ratehub.ca Personal Finance Awards
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We actually have more
But you get the idea…
Hold on...are you still not convinced?
Most people never scroll down this far, but if you really, really need a recap, we’re not opposed to a cheat sheet on everyday banking that makes without all the take:
- Earn more with incredible rates and no monthly fees
- Enjoy everyday banking with free everyday transactions and no minimum balance restrictions
- Get safety and security from a bank you can trust
Are you ready now?
Sign up to become an EQ Bank customer
Education Centre
Unpacking all things money.
Articles
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Borrowing
How to save for a house
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Everyday Banking
5 benefits of a Savings Plus Account
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Everyday Banking
4 ways EQ Bank makes integrated banking easy
Read now
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